The Hartford Insurance Group (NYSE:HIG) EVP Lori Rodden Sells 5,681 Shares

The Hartford Insurance Group, Inc. (NYSE:HIG) EVP Lori Rodden sold 5,681 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $141.83, for a total value of $805,736.23. Following the sale, the executive vice president directly owned 18,400 shares in the company, valued at approximately $2,609,672. The trade was a 23.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

The Hartford Insurance Group Stock Performance

Shares of NYSE HIG opened at $141.18 on Friday. The stock has a fifty day moving average price of $135.93 and a two-hundred day moving average price of $132.38. The Hartford Insurance Group, Inc. has a 1 year low of $107.49 and a 1 year high of $144.50. The firm has a market cap of $39.34 billion, a P/E ratio of 10.58, a PEG ratio of 1.09 and a beta of 0.61. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.32 and a current ratio of 0.31.

The Hartford Insurance Group (NYSE:HIG) last issued its quarterly earnings results on Thursday, January 29th. The insurance provider reported $4.06 EPS for the quarter, topping the consensus estimate of $3.22 by $0.84. The Hartford Insurance Group had a net margin of 13.52% and a return on equity of 21.92%. The firm had revenue of $7.34 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same period in the previous year, the business earned $2.94 earnings per share. The Hartford Insurance Group’s revenue for the quarter was up 6.7% compared to the same quarter last year. Research analysts forecast that The Hartford Insurance Group, Inc. will post 11.11 EPS for the current fiscal year.

Analysts Set New Price Targets

HIG has been the subject of a number of recent analyst reports. UBS Group increased their price target on The Hartford Insurance Group from $151.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Argus raised their target price on shares of The Hartford Insurance Group from $143.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Mizuho assumed coverage on shares of The Hartford Insurance Group in a research report on Tuesday, December 16th. They set an “outperform” rating and a $160.00 price objective on the stock. Royal Bank Of Canada initiated coverage on The Hartford Insurance Group in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $145.00 target price for the company. Finally, Wells Fargo & Company lifted their price target on The Hartford Insurance Group from $153.00 to $156.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.13.

Institutional Investors Weigh In On The Hartford Insurance Group

Institutional investors and hedge funds have recently modified their holdings of the business. Allianz Asset Management GmbH raised its position in The Hartford Insurance Group by 24.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 706,293 shares of the insurance provider’s stock worth $94,212,000 after purchasing an additional 140,624 shares during the last quarter. Canada Post Corp Registered Pension Plan lifted its position in The Hartford Insurance Group by 252.7% during the 3rd quarter. Canada Post Corp Registered Pension Plan now owns 24,540 shares of the insurance provider’s stock valued at $3,245,000 after purchasing an additional 17,582 shares during the period. National Pension Service lifted its holdings in The Hartford Insurance Group by 6.7% in the third quarter. National Pension Service now owns 509,580 shares of the insurance provider’s stock valued at $67,973,000 after buying an additional 31,912 shares during the period. Nordea Investment Management AB grew its holdings in The Hartford Insurance Group by 5.3% during the 3rd quarter. Nordea Investment Management AB now owns 4,307,617 shares of the insurance provider’s stock worth $570,328,000 after acquiring an additional 215,941 shares during the period. Finally, New York State Common Retirement Fund raised its position in shares of The Hartford Insurance Group by 12.0% during the 2nd quarter. New York State Common Retirement Fund now owns 209,238 shares of the insurance provider’s stock valued at $26,546,000 after acquiring an additional 22,500 shares during the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.

The Hartford Insurance Group Company Profile

The Hartford Financial Services Group, commonly known as The Hartford, is a U.S.-based insurance and investment company that provides a broad range of commercial and personal insurance products and employee benefits. Its core businesses include property and casualty insurance for businesses and individuals, group benefits such as group life, disability and dental plans, and retirement and investment solutions offered through affiliated asset-management operations. The company also delivers risk management, claims-handling and loss-prevention services designed to support policyholders across a variety of industries.

Founded in Hartford, Connecticut, in 1810, The Hartford is one of the oldest insurance organizations in the United States and has a long history of underwriting and product development across multiple insurance lines.